Angelopoulos, Konstantinos; Economides, George; … - In: Review of Economic Dynamics 14 (2011) 3, pp. 511-531
In this paper we introduce weak property rights in the standard real business cycle (RBC) model in order to examine the role of institutions as a source of economic fluctuations in emerging markets. In particular, in Mexico, the movements in productivity in the data are associated with changes...